{"id":29722,"date":"2015-07-16T07:40:33","date_gmt":"2015-07-16T06:40:33","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=29722"},"modified":"2015-07-16T07:40:33","modified_gmt":"2015-07-16T06:40:33","slug":"some-tax-law-is-not-worth-the-paper-it-is-written-on-even-before-it-is-passed","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/07\/16\/some-tax-law-is-not-worth-the-paper-it-is-written-on-even-before-it-is-passed\/","title":{"rendered":"Some tax law is not worth the paper it is written on, even before it is passed."},"content":{"rendered":"<p>I am<a href=\"http:\/\/waitingfortax.com\/2015\/07\/15\/the-tax-lock-smashed-on-installation\/\" target=\"_blank\"> grateful to Jolyon Maugham for pointing out <\/a>what might best be called the bleedin' obvious. He has reminded me, via his blog, of this<\/p>\n<p><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2015\/07\/16\/some-tax-law-is-not-worth-the-paper-it-is-written-on-even-before-it-is-passed\/cdvwvieweaap3ad\/\" rel=\"attachment wp-att-29723\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-29723 size-large\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/07\/CDvWVIEWEAAp3AD-550x360.png\" alt=\"CDvWVIEWEAAp3AD\" width=\"550\" height=\"360\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/07\/CDvWVIEWEAAp3AD-550x360.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/07\/CDvWVIEWEAAp3AD-458x300.png 458w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/07\/CDvWVIEWEAAp3AD-300x196.png 300w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/07\/CDvWVIEWEAAp3AD-200x132.png 200w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2015\/07\/CDvWVIEWEAAp3AD.png 599w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>This has now been put forward as draft legislation in the summer budget, recently announced.<\/p>\n<p>There is just one problem though. As Jolyon puts it,<\/p>\n<blockquote><p>You\u2019ll remember the Budget <a href=\"https:\/\/www.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/443232\/50325_Summer_Budget_15_Web_Accessible.pdf\">Red Book<\/a>\u00a0published last week which recorded an increase of 7.5% in the rate of tax paid on dividend income above \u00a35,000:<\/p><\/blockquote>\n<p><a href=\"https:\/\/jolyonmaugham.files.wordpress.com\/2015\/07\/capture8.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-1841\" src=\"https:\/\/jolyonmaugham.files.wordpress.com\/2015\/07\/capture8.png?w=996\" alt=\"Capture\" \/><\/a><\/p>\n<p>Which as Jolyon points out, is quite definitely an increase in income tax that is occurring in the very same budget that outlaws such increases.<\/p>\n<p>Some legislation is, it seems, not worth the paper it is written on, even before it is passed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am grateful to Jolyon Maugham for pointing out what might best be called the bleedin&#8217; obvious. He has reminded me, via his blog, of<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/07\/16\/some-tax-law-is-not-worth-the-paper-it-is-written-on-even-before-it-is-passed\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-29722","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/29722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=29722"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/29722\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=29722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=29722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=29722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}